Troy Corporation agrees to acquire industrial biocides assets of Ashland Inc. with the assistance of GvW Graf von Westphalen
Ashland Inc. has agreed to sell its industrial biocides assets to Troy Corporation. The transaction is expected to close within 60 days, contingent on standard closing conditions and completion of required employee information and consultation processes. During the course of this transaction, Troy will acquire industrial property, factory, intellectual property (IP) rights and other assets in the context of an asset deal. The attorneys at GvW advised Troy on the German aspects of the transaction.
Ashland Inc. (NYSE: ASH) is a global leader in providing specialty chemical solutions to customers in a wide range of consumer and industrial markets, including architectural coatings, automotive, construction, energy, food and beverage, personal care and pharmaceutical. Through its three commercial units – Ashland Specialty Ingredients, Ashland Performance Materials and Valvoline – Ashland uses good chemistry to make great things happen for customers in more than 100 countries. Troy Corporation develops and manufactures preservatives and additives that enhance the properties and performance of its customers’ products and processes. Founded in 1950, Troy is headquartered in Florham Park, New Jersey with sales offices throughout the United States, Canada, Europe, Asia, and Latin America. Troy materials are used and available in over 100 countries worldwide.
GvW Graf von Westphalen provided advice to Troy Corp. in its activities in Germany through the Frankfurt Partner Dr Marco Zessel (lead attorney/M&A), Christof Kleinmann, Karsten Kujath (employment law), Dr Bettina Schmitt-Rady (real estate/environmental law), Dr Kristofer Bott and Christian Kusulis (both IP).
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